Africa requires $1.3 billion annually by 2030 to fund the Sustainable Development Goals (SDGs). Janngo Capital sees this economic growth as a vital engine to catalyze social and financial progress by investing in startups that enhance access to essential goods and services such as healthcare, education, and financial services.
To tackle youth unemployment in Africa, Janngo Capital aims to generate between 20 and 30 million new jobs per year by 2030. "Our commitment is evident through investments in startups that promote the creation of sustainable jobs on a large scale, with a particular focus on women and youth," the company states on its website.
Climate Change and Promotion of Women Entrepreneurship
An investment of $400 billion per year is needed in Africa by 2030 to address the challenge of climate change. Janngo Capital acknowledges the urgency of this issue and invests in companies offering innovative solutions to tackle climate change-related challenges.
Similarly, the financing gap for women entrepreneurs in Africa amounts to $42 billion (5). Janngo Capital has prioritized gender equality, with 56% of its current portfolio led by women. "We aim to invest up to 50% of our new fund in startups founded, co-founded, or benefiting women."
According to Janngo Capital's vision, "We actively seek African startups in the early stages, focusing on growing markets. We are committed to promoting a dual-results approach, stimulating both social and financial returns. Currently, 50% of our startups are founded, co-founded, or benefit women," emphasizes Fatoumata Bâ."We invest between €50,000 and €5 million in tech startups that improve access to essential goods and services, strengthen market and capital access for African SMEs, all while creating sustainable jobs on a large scale."
Janngo Capital is fully committed to sectoral independence, with a diversified portfolio including investments in healthcare, logistics, financial services, retail, food and agriculture, mobility, and creative industries.
Presented as a pan-African investor, operating throughout Africa with an equitable portfolio distribution between Francophone and Anglophone Africa, Janngo Capital embodies "a dynamic and inclusive vision for the future of Africa by strategically investing in companies that contribute to solving major challenges while stimulating economic growth and job creation. We are determined to play a key role in shaping a prosperous future for the African continent."
At the eve of the 77th Session of the UN General Assembly (UNGA), Janngo Capital Startup Fund (JCSF) has announced its first close at EUR34 million (approximately US$36 million) in capital commitments.
Janngo Capital Startup Fund is backed by first-class investors with an equal number of development finance institutions & leading commercial private investors, including the European Investment Bank (EIB), the African Development Bank (AfDB), Africa’s largest development finance institution with 81 member countries (54 regional and 27 non regional); Proparco, the private sector financing arm of the French Development Agency (AFD Group) with a 2.3 billion of financing approved in 2021…
